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en-usEngadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronicsCopyright 2017 AOL Inc. The contents of this feed are available for non-commercial use only.https://www.engadget.com/2017/04/06/spotifys-plan-to-go-public-might-not-include-an-ipo/https://www.engadget.com/2017/04/06/spotifys-plan-to-go-public-might-not-include-an-ipo/https://www.engadget.com/2017/04/06/spotifys-plan-to-go-public-might-not-include-an-ipo/#comments
Now that Spotify is locking down long-term deals with record labels, the company's next big task is going public. Before you run to the hills at the sound of financial speak, this influx of cash could help the company you know and love keep delivering the tunes you listen to on a daily basis. Rather than a typical initial public offering (IPO), Wall Street Journal says that the Swedish company may instead use a direct listing.

Match Group, the owner of Tinder and OkCupid, is going public. According to the filing, the company hopes to raise $100 million dollars. The mega-dating company states in its paperwork filed with the Security and Exchanges Commission that its advantage over its competition includes strong brand recognition (It's tough to think of a dating brand larger than Tinder right now) and the ability to scale. It currently has 59 million monthly active users and of those 4.7 million are paid. Most of its intended growth will probably be international. The increased funds from the offering will help it focus on product development, becoming more mobile, improve customer acquisitions and expand its portfolios with new products and buying up competitors. The company will be listed on the NASDAQ as MTCH. Of course all these numbers and talk of growth come down to love. Or at least the short-term "love" of hooking up. The Match Group's stated mission is "to increase romantic connectivity worldwide."

Two senior members of Electronic Arts sold off the entirety of their shares in the publisher late last week when the company hit the highest share price it's seen in well over five years. SEC filings revealed that Patrick Soderlund, executive vice president of EA Games and EA senior vice president and General Counsel Stephen Bene dumped their stocks after the company's shares traded at roughly $34.53 and $33.40, respectively. Soderlund unloaded 36,133 shares, while Bene sold 7,771.

EA's shares opened at $35.31 today, the highest price per share the company has traded at since September 2008. Another high-ranking executive at EA disposed of stocks as well: Chief Operating Officer Peter Moore sold nearly half (100,000) of the shares he owned at $34.53 as well. This follows EA's fiscal 2014 earnings report last week, in which it revealed a 5.79 percent decrease in net revenue year over year ($3.58 billion).

Majesco will once again appeal its Nasdaq stock delisting expected next week and seek a reverse stock split to regain compliance. The Cooking Mama and former Zumba publisher has been out of compliance with the stock exchange since March 1, 2013, which requires a $1 minimum share price.

The company is currently trading at $0.53/share. Majesco Chief Financial Officer Michael Vesey informed Joystiq earlier today the company will seek a reverse stock split between 1-for-3 and 1-for-10 with shareholders in April. This will shift the stock's price between $1.09 and $5.30 (based on today's value), depending if shareholders approve.

What happens if shareholders don't approve? "Plenty of companies trade 'over the counter' without affiliation to a major exchange," Jeff Reeves, editor at InvestorPlace explains. "While there's admittedly less legitimacy or prestige for stocks that trade off the NYSE or Nasdaq in the eyes of some investors here, it's not an unmanageable situation. In fact, European consumer giant Nestle actually doesn't affiliate with the NYSE or Nasdaq and chooses to list OTC."

"Majesco's biggest problems are that revenue has been pressured in 2013 and the company is running at a significant loss without a lot of wiggle room," Reeve continued. "Over-the-counter stocks can trade for years and NYSE listed companies can still go bankrupt tomorrow. Sales and profits determine what's next for Majesco, not the specifics of what exchange it trades on."

NASDAQ has given Cooking Mama publisher Majesco another 180 days to raise its (beef) stock value above $1.00, after the company failed to meet yesterday's existing deadline for the same goal. Majesco now has until February 24 of next year to become compliant with NASDAQ Listing Rule 5550, subsection A, article two, which requires trading companies to have a "minimum bid price of at least $1 per share."

Previously, Majesco had 180 days (starting last March) to increase its stock value, lest it be delisted from NASDAQ and forced to toil endlessly in the Salt Mines of Thælm on Baltharia 7's Dark Moon. Okay maybe not that second thing, but getting delisted from NASDAQ is pretty horrible on its own. As of press time, Majesco's stock is trading at $0.64 a share.

Well, this is rather peculiar. The Nasdaq stock market -- the entire Nasdaq, which lists major tech firms such as Apple and Facebook -- has temporarily suspended all trading due to a technical issue. The exchange sent an alert to traders at 12:14PM ET today announcing that it was halting all trading "until further notice," according to a New York Times report. Reuters is reporting that Nasdaq will reopen trading soon, but with a 5-minute quote period. The market will not be canceling open orders, however, so firms that don't want their orders processed once everything's up and running should cancel their orders manually now. It's not entirely clear what caused the issue, or how and when it will be resolved, but you better believe it's causing some commotion on Wall Street, and could impact traders for days and months to come.

Update (5:47PM ET): One final tweet here from CNBC. Nasdaq is claiming that today's issues were resolved within 30 minutes. The remaining 2.5 hours were used to coordinate the re-opening.

Update (6:29PM ET): Nasdaq has issued an official statement following today's market close. In part, it reads: "NASDAQ OMX will work with other exchanges that are members of the SIP to investigate the issues of today, and we will support any necessary steps to enhance the platform."

As of Monday, July 15th, Tesla Motors will be included in the Nasdaq 100, a list of the largest non-financial stocks on Nasdaq's index. A spot in that elite group opened up when Oracle announced that it would be moving to the New York Stock Exchange, making it inelegible for inclusion on Nasdaq. The news seemed to please shareholders, and at the time of this writing, Tesla's stock had surged ahead nearly 2 percent. The company's entry into the Nasdaq 100 is a sure sign that its forward trajectory is nigh unstoppable -- at least for now. With an overall stock gain of nearly 260 percent in 2013, Tesla Motors just keeps on truckin'.

When Facebook became a public company in the summer of 2012, its initial public offering (IPO) didn't go quite as well as the company expected. It went poorly enough that the US Securities and Exchange Commission took action against the exchange which handled Facebook's IPO: Nasdaq. A civil suit filed against the exchange, alleging computer software errors that resulted in a lackluster IPO, was settled today -- the exchange will pay $10 million to settle the suit. The settlement, of course, doesn't mean that Nasdaq is confirming or denying the alleged issues its computer system incurred last year; said issues allegedly cost investors in the ballpark of $500 million. Probably best to un-friend Nasdaq now before things get awkward.

The NASDAQ-100 Index will remove Electronic Arts as part of its annual re-ranking. The index, which is a fancy term for the grouping of a bunch of stocks, includes the 100 largest non-financial stocks listed on the Nasdaq stock exchange. EA joins nine other stocks, including Netflix, to be removed from the index.

"The securities being added to the NASDAQ-100 Index will join Facebook, Costco, Apple, Google and other household names that are leading the new economy forward," said NASDAQ executive VP John L. Jacobs. "Our objective re-ranking process ensures the NASDAQ-100 remains a relevant investable index that is the underlying benchmark for about 7,100 products in 22 countries with a notional value of about $1 trillion."

The new group of stocks being added doesn't include any traditional video game companies. As GI.biz notes, EA may be off the list, but the NASDAQ-100 still includes Activision Blizzard and Microsoft.
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eaelectronic-artsnasdaqnasdaq-100Mon, 17 Dec 2012 18:00:00 -050011|20405210https://www.joystiq.com/2012/07/24/THQ-Nasdaq-compliance/https://www.joystiq.com/2012/07/24/THQ-Nasdaq-compliance/https://www.joystiq.com/2012/07/24/THQ-Nasdaq-compliance/#comments

THQ received notification from stock exchange NASDAQ that the company is back in compliance, having maintained a closing stock price of over $1 for 10 consecutive business days.

The publisher accomplished the feat through a 10-to-one reverse stock split, consolidating THQ's 70 million shares to 7 million and inflating the price by moving the decimal point one space to the right. THQ's market capitalization now stands at $35.4 million, and its stock is trading at $5.16/share this morning.

THQ has done the executive shuffle the past few months to get things back on track, adding new president Jason Rubin and announcing yesterday the addition of Relic founder Ron Moravek as "Executive Vice President, Production." THQ's next game is Darksiders 2, due on August 14.
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nasdaqreverse-stock-splitstockthqTue, 24 Jul 2012 09:00:00 -040011|20284641https://www.joystiq.com/2012/07/02/thq-retains-nasdaq-listing-as-board-approves-reverse-stock-split/https://www.joystiq.com/2012/07/02/thq-retains-nasdaq-listing-as-board-approves-reverse-stock-split/https://www.joystiq.com/2012/07/02/thq-retains-nasdaq-listing-as-board-approves-reverse-stock-split/#comments

THQ will keep its NASDAQ listing following the approval of a reverse stock split by its controlling board. Last week, stockholders met and approved a 10-to-one reverse stock split, effectively consolidating THQ's nearly 70 million stock units to around 7 million, and bringing their value from around $0.62 to $6.20 apiece. THQ risked delisting from NASDAQ due to shares trading below $1 for nearly 30 days, the cutoff for retaining NASDAQ listing status.

The reverse split is set to go into effect on July 9 (next Monday). Initially, it will increase THQ's stock price well above the minimum $1 required, but it's unknown if that stock price will stay above $1 per share for 10 consecutive days – if it doesn't, THQ once again faces delisting.

The next game THQ plans to launch is Darksiders 2 for Xbox 360, PlayStation 3, and PC on August 14.
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delistingnasdaqreverse-stock-splitstocksthqMon, 02 Jul 2012 10:30:00 -040011|20270245https://www.joystiq.com/2012/05/27/thq-planning-reverse-stock-split-to-avoid-nasdaq-delisting/https://www.joystiq.com/2012/05/27/thq-planning-reverse-stock-split-to-avoid-nasdaq-delisting/https://www.joystiq.com/2012/05/27/thq-planning-reverse-stock-split-to-avoid-nasdaq-delisting/#comments

THQ filed plans with the SEC Friday for a June 29 stockholders meeting, where the company will propose a reverse stock split to avoid delisting from NASDAQ.

In the filing, the company describes the need for the stock split to maintain the $1 per share minimum that NASDAQ requires for listing. THQ outlined three options in the process: 1:3, 1:5, and 1:10 reverse stock split ratios. Exercising any of these options results in fewer outstanding shares with an increased apparent value per share. For instance, should THQ perform a 1:3 reverse stock split, each stockholder would own one stock for every three owned prior to the split, even though the total value of the company's stock would not change.

The company's stock is currently trading at 61 cents per share.

THQ first received a delisting warning from Nasdaq on January 31, noting that the company's stock was trading below $1 per share. It has until July 23 to meet-and-maintain that closing standard for ten consecutive business days in order to be eligible for continued listing. THQ recently reported a net loss of $239.9 million for the fiscal year ending on March 31, 2012.
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delistingnasdaqreverse-stock-splitstocksthqthqiSun, 27 May 2012 12:00:00 -040011|20246006https://www.joystiq.com/2012/05/19/zynga-shares-close-at-record-low-following-lackluster-facebook-i/https://www.joystiq.com/2012/05/19/zynga-shares-close-at-record-low-following-lackluster-facebook-i/https://www.joystiq.com/2012/05/19/zynga-shares-close-at-record-low-following-lackluster-facebook-i/#comments

Facebook went public yesterday, and its unexpectedly less-than-stellar performance on the trading floor has had powerful ramifications for its social soul sister Zynga, which finished the day's trading at a record low of $7.16 a share.

It's possible that Facebook's unimpressive IPO, closing out Friday at $38.23 a share – four dollars less than its $42.05 opening price – caused Zynga's value to drop in tandem, as the two platforms are inexorably intertwined in the public mindset. It's also possible that Zynga share holders jumped ship in favor of that new Facebook hotness, no longer having to settle for social second best.

Regardless, the severe downturn in value lead to two trading halts on Zynga shares over the course of the day; once after reaching $7.17 a share, and once again after a slight increase in market value. Despite this, share values eventually dropped to as little as $6.93 before finally settling at $7.16.
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androidfacebookiosipadiphoneipomacmobilenasdaqpcstock-marketzyngaSat, 19 May 2012 13:30:00 -040011|20241150https://www.tuaw.com/2012/04/30/barrons-apple-should-be-in-the-dow/https://www.tuaw.com/2012/04/30/barrons-apple-should-be-in-the-dow/https://www.tuaw.com/2012/04/30/barrons-apple-should-be-in-the-dow/#comments

However, Barron's thinks that it would be hard to admit Apple or Google to the Dow Jones index considering that the component companies are weighted on the price of their shares. Apple, which has been valued at $580 - $645 over the past few months, would simply "overwhelm" the index with a 26 percent weighting, almost double that of Dow component company IBM. Barron's notes that Apple's 9 percent jump in share price after the recent earnings call would have raised the DJIA a full 300 points.

Barron's suggests that a different weighting, in which the weighting of any stock is capped at an fixed percentage, might be needed for companies like Apple and Google to become part of the Dow Jones Industrial Average.

When it comes to stocks, Apple is an influencer and any changes in its stock price will affect US stock indexes. That's what happened on Monday when the Dow Jones Industrial Average surged and the NASDAQ and S&P fell because of Apple, says a report in Forbes. The NASDAQ and S&P both include Apple, and the company's five day decline is dragging the two indexes down. Apple's stock is now sitting at US$580.13, a 4.2 percent decline from its previous high of $610.28.
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appledjiadow jonesdow jones industrial averagedowjonesdowjonesindustrialaverageforbesnasdaqspstockTue, 17 Apr 2012 08:00:00 -040016|20217348https://www.joystiq.com/2012/01/31/thq-receives-stock-delisting-notice/https://www.joystiq.com/2012/01/31/thq-receives-stock-delisting-notice/https://www.joystiq.com/2012/01/31/thq-receives-stock-delisting-notice/#comments

THQ's woes continue as the troubled publisher receives a delisting warning from the Nasdaq stock exchange. The company's stock has been trading below the minimum of $1 for the past 30 days.

The publisher has 180 calendar days (until July 23, 2012) to make its stock regain compliance for 10 consecutive business days. If the company can't comply, well, let's just say these things don't end happy. There are examples of game companies coming back from the brink. Heck, Majesco has done it twice.

THQ is hurting bad, as it works through a realignment and sets off waves of layoffs to stabilize the company. The publisher is expected to explain its current financial issues during an investor call this Thursday, February 2. THQ's stock price is trading at $0.70 as of 8AM ET today.
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delistingnasdaqstockthqTue, 31 Jan 2012 08:10:00 -050011|20160695https://www.engadget.com/2012/01/31/arm-boosts-profits-by-45-percent-strengthens-grip-on-the-univer/https://www.engadget.com/2012/01/31/arm-boosts-profits-by-45-percent-strengthens-grip-on-the-univer/https://www.engadget.com/2012/01/31/arm-boosts-profits-by-45-percent-strengthens-grip-on-the-univer/#comments

The British chip designer continued last year's growth streak with a 45 percent surge in quarterly normalized pre-tax profits compared to Q4 2010. Revenues also rose by 21 percent to £137.8 million ($217 million) -- not bad for a company that started out with twelve engineers in a barn. There's nothing complicated about CEO Warren East's explanation of the results -- he simply says that his company sold more designs to "more new customers" and also raked in more royalties from existing deals. Unless the global economies suffers badly in 2012, ARM says it expects to meet market expectations, targeting an annual profit of $860 million this year.
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armarm holdingsarmholdingsfinancialnasdaqprofitsq4 2011q42011quarterly earningsquarterly reportsquarterlyearningsquarterlyreportsrevenuesTue, 31 Jan 2012 02:45:00 -050021|20160551https://www.engadget.com/2012/01/23/rim-stock-falls-ceo-transition/https://www.engadget.com/2012/01/23/rim-stock-falls-ceo-transition/https://www.engadget.com/2012/01/23/rim-stock-falls-ceo-transition/#comments

We rarely meddle with stock news around these parts, but this was a pretty significant piece of meat to chew on. After Research in Motion introduced Thorsten Heins as the new CEO last night and again in a conference call this morning, the company's stock price tumbled a whopping 8.47 percent. When it comes to what kind of difference the transition will make for the struggling company, we haven't had a high amount of confidence; while we hope for the best and want to see RIM turn things around, the falling stock appears to indicate that we're not alone in expressing concerns about this morning's events. Here's some food for thought: when rumors that Samsung was interested in purchasing RIM flooded the internet, the latter company's stocks spiked by nearly ten percent.
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blackberryceojim balsilliejimbalsilliemike lazaridismikelazaridismobilemobilepostcrossnasdaqresearch in motionresearchinmotionrimsharesstockthorsten heinsthorstenheinstransitionMon, 23 Jan 2012 18:07:00 -050021|20155003https://www.joystiq.com/2011/12/21/bioware-docs-explain-how-to-stay-true-to-your-roots-while-massiv/https://www.joystiq.com/2011/12/21/bioware-docs-explain-how-to-stay-true-to-your-roots-while-massiv/https://www.joystiq.com/2011/12/21/bioware-docs-explain-how-to-stay-true-to-your-roots-while-massiv/#comments

With eight (eight!) studios around the globe as of the end of 2011, BioWare label heads Dr. Ray Muzyka and Dr. Greg Zeschuk have kind of a lot going on at any given time. When I spoke with them earlier this week at Times Square's NASDAQ building, though, they were remarkably calm after ringing the financial institution's opening bell (surrounded by and emblazoned in Star Wars accoutrement), and launching the six-years-in-development Star Wars: The Old Republic.

Beyond the aforementioned accomplishments, the doctors' division of EA has been rapidly expanding -- over just the last six months, BioWare has added a Sacramento office, a San Francisco office, and an Ireland office, to say nothing of "BioWare Victory," the studio heading up Command & Conquer: Generals 2. That's a whole lot of people (501 - 1000, approximately, according to LinkedIn)! How do two guys that started out with eight people in a studio apartment manage that kind of expansion without diluting the original values they began with?

BioWare co-founder Ray Muzyka offered an explanation by way of example:

"You're seeing how we're doing that in The Old Republic. We're merging story in in a really seamless way. It doesn't feel tacked on or added, it's actually there from the ground floor. It's actually adding to the experience and increasing that emotional engagement, which, you go back to our vision, that's what it's all about. Building that emotional engagement."

The concept of "emotional engagement" was one that both Muzyka and his long-time business partner Dr. Greg Zeschuk touched on repeatedly during the interview. Muzyka called it a "pillar" of the label's vision, but also emphasized that story -- BioWare's traditional method for engaging players on an emotional level -- isn't the only way to evoke an emotional response from players.
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biowarebioware-labeleaea-biowareelectronic-artsgreg-zeschukmmonasdaqnew-york-citynycpcray-muzykastar-wars-the-old-republicthe-old-republicWed, 21 Dec 2011 17:15:00 -050011|20133176https://www.joystiq.com/2011/12/17/zynga-stock-falters-holds-on-first-day-of-trading/https://www.joystiq.com/2011/12/17/zynga-stock-falters-holds-on-first-day-of-trading/https://www.joystiq.com/2011/12/17/zynga-stock-falters-holds-on-first-day-of-trading/#comments

So what happened? Shortly put, Zynga's stock wasn't really worth what it was priced out at. An initial public offering is designed to be priced a little low, in order to drum up demand for a company's stock from the public (not to mention raise some money). But Zynga went high and, as a result, didn't quite get the graph it wanted today.

They didn't sell the FarmVille, so to speak -- ZNGA will likely be trading fine on Monday (and $9.50 is fine for the highly competitive gaming industry; THQ is sitting down at 75 cents right now). But Zynga's hype phase appears to be over. Now the company needs to prove it can sell more than just cow clickers.
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farmvilleforbesnasdaqpcpricesstock pricesstockpricesstockszngazyngaSat, 17 Dec 2011 07:00:00 -050011|20130050https://www.joystiq.com/2011/12/03/zyngas-ipo-road-show-begins-expects-to-raise-1-billion/https://www.joystiq.com/2011/12/03/zyngas-ipo-road-show-begins-expects-to-raise-1-billion/https://www.joystiq.com/2011/12/03/zyngas-ipo-road-show-begins-expects-to-raise-1-billion/#comments

Zynga is doing extremely well, especially for a company that started by piggybacking on a social-networking site, Facebook, and making games about farming. Zynga is in the process of launching its IPO, and while it won't be worth as much as initially expected this summer -- dropping from an expected high of $20 billion to a current possible low of about $10 billion -- Zynga is positioned to be worth more than EA, currently valued at $7.7 billion, and to compete with Activision Blizzard, which is valued at $14 billion.

Zynga plans to raise roughly $1 billion for its IPO and has begun a nine-day pitch process to convince investors that the company is truly worth it, with plans to sell shares for $8.50 to $10 each under the Nasdaq label, "ZNGA." Zynga's offerings would mark the largest for a U.S. Internet company since Google in 2004, but with Facebook expected to eclipse it in 2012.

Remember when we took over Times Square last month? Contrary to comments-based speculation, we didn't drop several years' salary to see our names and faces (and pets) up in lights. We were actually shooting a segment for the Engadget Show about a new service from Times Square2 (TS2). The NASDAQ / Thomson Reuters alliance is working to increase engagement on the giant electronic billboards it controls in one of the most heavily trafficked spots in the US. The organization has designed a free API for developers, making it possible to create applications for its giant ad spaces on the side of the Thomson Reuters and NASDAQ buildings, and it showed us some of the fruits of its labor in the video clip that you'll find after the break.%Gallery-130286%
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advertisingapibillboardengadget showengadgetshownasdaqnew yorknew york citynewyorknewyorkcitynycpomegranateshowsignsignagethe endgadget showtheendgadgetshowthompson reutersthompsonreuterstimes squaretimes square2timessquaretimessquare2videoSat, 17 Sep 2011 12:00:00 -040021|20045232https://www.engadget.com/2011/08/09/near-times-square-come-see-engadget-on-a-really-big-screen/https://www.engadget.com/2011/08/09/near-times-square-come-see-engadget-on-a-really-big-screen/https://www.engadget.com/2011/08/09/near-times-square-come-see-engadget-on-a-really-big-screen/#comments

If you're on the island of Manhattan and are anywhere near Times Square, check out this lovely display of lights. For the next half-hour or so you'll be able to check out Engadget on one heck of a big screen, right above the NASDAQ sign. You won't even need those reading glasses! Wondering what this is all about? Check out the next Engadget Show, where all will be explained.
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engadgetengadget showengadgetshownasdaqtimes squaretimessquareTue, 09 Aug 2011 18:25:00 -040021|20013677https://www.tuaw.com/2011/05/02/aapl-shares-survive-rebalancing-on-nasdaq-today/https://www.tuaw.com/2011/05/02/aapl-shares-survive-rebalancing-on-nasdaq-today/https://www.tuaw.com/2011/05/02/aapl-shares-survive-rebalancing-on-nasdaq-today/#comments

Last month the stock index Nasdaq announced that it would be rebalancing the weighting of AAPL shares to better reflect the actual number of shares floating on the market. At the time, AAPL accounted for 20.5 percent of the Nasdaq. After the rebalancing today, AAPL now accounts only for 12.5 percent of the Nasdaq.

When Nasdaq made the announcement, it issued a warning that the rebalancing might affect AAPL shares in the short term due to fund managers readjusting their holdings. However, it seems that any negative effect on AAPL's share price was negligible. Apple closed down only 1.1 percent today to end at $346.45. Many see AAPL advancing to upwards of $540 a share by January, and some even think Apple will be the world's first trillion dollar company.

Disclaimer: The author holds a position in AAPL. TUAW does not provide investment advice; consult an expert before buying or selling equities.

The Wall Street Journal reports that Nasdaq will drop Apple's profile in its Nasdaq-100 stock index, lowering Apple's share from 20.5 percent to around 12.3 percent, more in line with the number of actual Apple shares out there. Apple is one of 81 companies who are seeing their shares lowered by the rebalance, while 19 other companies, including Google and Microsoft, will have their shares increased. The index was last adjusted in this way back in 1998, but back then, Apple obviously wasn't nearly as big a company financially as it is now, so Nasdaq is simply adjusting things to bring shares more in line with the actual market.

The changes should take effect on May 2, and Nasdaq does say that it expects some trades to happen as a result of the changes, which may lead to some "instability" in the markets for a short period. But in general, the changes are just to make sure that a huge amount of growth (or failure) on Apple's part doesn't upset the index too much.

As always, we are not financial professionals, and any news about AAPL stock should not be taken as financial advice.